Cathie Wood mastered an ability to make headline news. Perhaps the biggest reason for this is due to her high-conviction stances in otherwise risky and speculative opportunities. Wood is the CEO of Ark Invest, an investment management firm offering a series of exchange-traded funds (ETFs) that are mostly comprised of businesses in emerging markets such as biotech and artificial intelligence (AI). Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Although Wood does own some blue-chip stocks, the majority of her largest positions are held in smaller companies that she and…
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The 1971 Plymouth Road Runner marked a pivotal moment in automotive history, a swan song for the iconic HEMI engine. After years of dominating the drag strip and thrilling enthusiasts, Chrysler’s decision to discontinue its high-performance V8s in 1971 spelled the end of an era. While the Road Runner soldiered on beyond that year, its performance was significantly diminished. The 1971 model year, with its limited production and rare engine options, stands out as a particularly special time for the Road Runner. Of the 13,664 Road Runners produced in 1971, only a tiny fraction were equipped with the legendary 426…
Image source: Getty Images The Lloyds (LSE: LLOY) share price took a sharp 14% dive last month, deviating from an otherwise steady rise throughout the year. The FTSE 100 fell 2.12% over the same period. It followed news that shareholders may take the brunt of potentially £1bn in costs related to the ongoing car financing probe. The controversy first came to light earlier this year but the full extent of the issue was not immediately made clear. Now, Lloyds looks likely to cut its £2bn share buyback programme in half. Lloyds is not the only one affected, with Close Brothers…
The year was 1960, and the California desert was the stage for a legendary race. The Big Bear Run, a lawless off-road extravaganza, attracted a staggering 766 riders. Among them was a 16 year old phenom named Eddie Mulder, who would etch his name in history by becoming the youngest champion. Riding a Royal Enfield Fury 500cc, Mulder conquered the challenging terrain in just four hours and 21 minutes. Now, Royal Enfield pays homage to this iconic moment with the Bear 650, a scrambler inspired by the spirit of the ’60s. Based on the Interceptor 650 platform, the Bear 650…
MIAMI – Hut 8 Corp. (NASDAQ: NASDAQ:), a prominent North American mining company, disclosed plans for a significant upgrade to its ASIC mining fleet by purchasing 31,145 BITMAIN Antminer S21+ miners. The acquisition, priced at $15.00 per terahash, is slated for delivery in early Q1 2025, aiming to enhance the company’s self-mining capacity and efficiency. Upon activation, expected in Q1 2025, Hut 8’s self-mining hashrate is projected to jump by approximately 66%, from its current 5.6 EH/s to around 9.3 EH/s. This upgrade also intends to improve the average fleet efficiency from 31.7 to 19.9 joules per terahash (J/TH), marking…
Updated international standards for carbon neutrality and net zero are lending credibility to the voluntary carbon market, which has taken a reputational battering in recent yearsAt a glanceThe introduction of ISO 14068 and a forthcoming net zero standard provide a “reasonable” approach to the use of carbon credits, while emphasising the need for direct decarbonisationSources say companies face difficulty achieving net zero through direct emissions reductions alone, with many relying on external factors such as grid decarbonisation. ISO standards aim to balance realism with ambition, allowing some use of offsets if they are verified by third partiesThe concept of carbon…
Traditionally, high-net-worth individuals and family offices have struggled to invest in private markets, in spite of their high collective AUM. In this article, Myles Milston, Co-Founder and CEO of Globacap gives insight into how technology is opening up access to private markets for private investors and analyses how increasing allocations from these investors will affect the market. Private markets are experiencing a boom. Allocations are significantly increasing across the board from all types of investors. High-net-worth individuals (HNWIs) and family office investors are no exception to this rule. Diversification into private markets is now a strategic must-have for investors, particularly…
The stock is climbing, and this time, it might stick. Lemonade (LMND 6.28%) stock just hit a 52-week high after third-quarter earnings. In recent months, after-earnings pops have always been followed by a plunge to right back where they started. Will this change? The insurance technology company reported stellar results, so this could stick, and Lemonade stock might finally be on its way up. Let’s go through the results and what they mean for Lemonade’s future. Top line: Accelerating Lemonade is an insurance company, and it measures its growth and success somewhat differently than other kinds of companies. Revenue and…
By Lewis Krauskopf (Reuters) – With Donald Trump heading back to the White House, Wall Street is anticipating the potential for lower taxes, deregulation and a U.S. president who is quick to sound off on everything from the stock market to the dollar. Trump made tariffs and tax cuts key elements of his pitch to voters, many of whom said the economy was the biggest issue of the election. Another important plank of his platform is expected to be deregulation in areas ranging from the banking industry to cryptocurrencies. The promise of those policies appears to have already stirred prices…
You’ve probably heard the saying, “The real Shelby Mustangs ended in 1968.” While it’s true that 1969 marked the final year of production for these legendary pony cars, it’s important to note that Ford executives had a significant influence on the development of the 1969 Mustangs, particularly the high-performance models. This raises the question: How powerful were these cars in reality? Many believe that Shelby Mustangs were significantly more powerful than their official ratings suggest. Some argue that manufacturers, including Ford, deliberately underrated their performance vehicles to avoid higher insurance premiums. 1969 Shelby Mustang GT500 Reveals True Power on Dyno…